A/C Name Sapphire Gems and Minerals Co Ltd - Kunzite Division Trial Balance as of December 31, 2022 Trial Balance Cash Accounts receivable Allowance for bad debt Other debtors Merchandise Inventory Store Supplies Prepaid Insurance Prepaid rent Furniture & Equipment Accumulated deprecation-Furniture and equipment Motor Truck Accumulated depreciation- Motor Truck Accounts payable Salary payable Interest payable Unearned Sales revenue Note Payable, long term Capital Withdrawals Sales revenue Sales discount Sales returns and allowances Cost of goods sold Salaries expense Insurance Expense Utilities Expense Rent Expense Depreciation Expense - Furniture and Equipment Depreciation Expense - Motor truck Store Supplies Expense Gain/loss on Disposal of Fixed Asset Bad-Debt Expense Interest Expense DR 3,000,000 6,500,000 10,000,000 2,000,000 4,800,000 4,200,000 10,000,000 4,000,000 150,000 1,350,000 1,350,000 11,500,000 12,900,000 1,400,000 4,200,000 CR 650,000 3,960,000 2,951,424 1,650,050 2,800,000 4,500,000 16,875,000 43,963,526 77,350,000 77,350,000
A/C Name Sapphire Gems and Minerals Co Ltd - Kunzite Division Trial Balance as of December 31, 2022 Trial Balance Cash Accounts receivable Allowance for bad debt Other debtors Merchandise Inventory Store Supplies Prepaid Insurance Prepaid rent Furniture & Equipment Accumulated deprecation-Furniture and equipment Motor Truck Accumulated depreciation- Motor Truck Accounts payable Salary payable Interest payable Unearned Sales revenue Note Payable, long term Capital Withdrawals Sales revenue Sales discount Sales returns and allowances Cost of goods sold Salaries expense Insurance Expense Utilities Expense Rent Expense Depreciation Expense - Furniture and Equipment Depreciation Expense - Motor truck Store Supplies Expense Gain/loss on Disposal of Fixed Asset Bad-Debt Expense Interest Expense DR 3,000,000 6,500,000 10,000,000 2,000,000 4,800,000 4,200,000 10,000,000 4,000,000 150,000 1,350,000 1,350,000 11,500,000 12,900,000 1,400,000 4,200,000 CR 650,000 3,960,000 2,951,424 1,650,050 2,800,000 4,500,000 16,875,000 43,963,526 77,350,000 77,350,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...
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